Investment Overview

Marcus & Millichap is pleased to offer for sale a fee simple interest in the 85-unit, Wingate by Wyndham Fayetteville/Fort Bragg, located in Fayetteville, North Carolina. The subject property is ideally located on 2-acres and features 4 floors of well-maintained guest rooms. Common area amenities include complimentary breakfast, business center with fax & photocopy machines, fitness center, free on-site parking, 24-hour front desk, vending machines, and guest-laundry facilities. Each guest room is equipped with free Wi-Fi, flat-screen TV, microwave, refrigerator, in-room coffee & tea maker, hairdryer, and sitting area. The Wingate is located in Fayetteville, which has received the prestigious All-America City Award from the National Civic League three times. It is currently the sixth largest municipality in North Carolina and is the county seat of Cumberland County as well as the home of Fort Bragg Military Base, which employs over 15,000 residents. The extensive army base has received an $84.5MM+ defense budget to aid in the development of additional training facilities, equipment, education system for military personnel’s children, housing and much more in this upcoming year. In addition to Fort Bragg, Fayetteville has multiple entertainment and historic attractions including golf courses, museums, parks, and restaurants. There are four colleges located in Fayetteville, NC. This property is an excellent opportunity for an investor to purchase a hotel well below replacement cost. It is in a stable, military market, which continues to grow. Fayetteville is the county seat of Cumberland County, a part of the Coastal Plain region of North Carolina. When Congress passed the Base Realignment and Closure (BRAC) Act, it resulted in several new commands relocating to Fort Bragg. These included the U.S. Army Forces Command and U.S. Army Reserve Command, both of which relocated from Fort McPherson in Atlanta. This brought more than 30,000 people to the area with associated businesses and families. FORSCOM awards over $300 billion in contracts annually. Fort Bragg and Pope Field (formerly Pope Air Force Base) are next to the city of Fayetteville. Several U.S. Army Airborne units are also stationed at Fort Bragg, most prominently the XVIII Airborne Corps HQ, the 82nd Airborne Division, and the United States Army Special Operations Command.